Investment Overview

The offering consists of a fully occupied 16,241 square foot strip center in Houston, TX. The asset is situated on 1.08 acres and fronts on West Bellfort Street. There are multiple points of entry with abundant parking space and a high freestanding pylon sign. All tenants are currently under NNN leases paying below market rents. Most tenants have over 5+ years remaining on their lease. The Gift Shop lease expires this year and is currently in the process of renewing. They have the lowest rent in the center, allowing investors to bump the rent upon renewal or adding a different tenant. Two tenants have a 15 percent rent bump next year and one tenant has a 10 percent rent bump this year. Bellfort Food Store has 10 percent bumps every 5 years and the Sports Bar has 2 percent annual bumps with three five-year options. Bellfort Plaza is located in a highly dense region of Southwest Houston right off Southwest Freeway. The asset is surrounded by Sugar Creek Plaza, Office Depot, Starbucks, USA Fitness, and directly across Southwest Terrace Apartments.